February 2009

January 2009 Sales Statistics for Single Family Homes and Condo/Townhomes sold in the Park City areaSingle Family Homes in the Park City area The number sold in January: 13 The average number of Days on Market for Solds: 137 days The average Sold Price/List Price: 96.5% Condominium/Townhomes in the Park City area The number sold in January: 22 The average number of Days on Market for Solds: 76 days The average Sold Price/List Price: 92.0% *Data obtained from the Park City MLS system

Park City Condominium Sales for 2008 by Park City Area In the greater Park City area the number of transactions were 483 in 2008 which was down by 39% compared to 2007 and the median sold price of a condo was $495,000 in 2008 which was down by 12% compared to 2007. In the Park City city limits the number of transactions were down by 45% in 2008 and the median sold price was $825,000 which was down by 17% compared to 2007. In the Snyderville Basin area the number of transactions were down by 31% and the median sold price was $430,000 which was down by 2% compared to 2007. Data obtained from the Park City MLS. If you are looking to take advantage of the current real estate market in the Park City area to finally get a great deal on a Park City condo…

Park City City Limits Area Number of Transactions were 81 which was down 41.7% compared to 2007 Average Sold Price was $2,138,682 which was down 3.5% compared to 2007 Park City Snyderville Basin Area Number of Transactions were 208 which was down 39.2% compared to 2007 Average Sold Price was $993,090 which was down 18.8% compared to 2007 Visit the Park City MLS to search all the current Park City Listings for all the local Park City brokerages. Listings are updated daily. Register to save your favorite listings. Data obtained from the Park City Board of Realtors

With inventories high, sellers nervous and interest rates extremely low, now is a great time to buy a home for sale in the popular Park City Utah ski community. There are plenty of buyers kicking the tires but the vast majority are hesitant to get off the fence and place an offer. Those who are getting off the fence right now are getting some great deals. Now is an excellent time to negotiate.Some sellers are more motivated than others but the only way to find out how motivated a Park City seller really is would be to put in an offer in writing with a well qualified local Park City realtor. If you are getting a loan it also helps buyers in negotiating for the best possible price to get pre-qualified by a local Park City lender. It helps show the seller…

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Just wanted to thank you again for helping us find a beautiful condo in Deer Valley. Bob and I spent this past weekend at our condo and really loved it. Great combination of feeling like home, but without the clean-up or home-management responsibilities… Bob and Michele